Deutsche Bank AG Acquires New Holdings in Ferrari N.V. $RACE

Deutsche Bank AG purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,109,911 shares of the company’s stock, valued at approximately $413,209,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Ferrari by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after purchasing an additional 58,506 shares during the period. Amundi boosted its position in shares of Ferrari by 11.1% during the 4th quarter. Amundi now owns 3,303,264 shares of the company’s stock worth $1,220,754,000 after purchasing an additional 330,896 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Ferrari by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after acquiring an additional 218,830 shares during the period. Morgan Stanley grew its position in Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after purchasing an additional 771,039 shares during the period. Finally, Norges Bank acquired a new position in shares of Ferrari during the fourth quarter valued at about $779,894,000.

Ferrari Stock Up 0.6%

Shares of NYSE RACE opened at $417.17 on Tuesday. The stock has a market capitalization of $97.60 billion, a P/E ratio of 38.73, a PEG ratio of 3.57 and a beta of 0.91. The firm’s 50 day simple moving average is $379.15 and its two-hundred day simple moving average is $357.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 4.85 and a quick ratio of 3.70. Ferrari N.V. has a one year low of $312.51 and a one year high of $504.49.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.16. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.14 billion. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 EPS. As a group, analysts expect that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record Ferrari auction prices reinforce brand strength. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with 85% of lots sold. A 2003 Ferrari Enzo sold for $10.675 million, while several modern Ferraris—including the 550 Barchetta Pininfarina, 488 Pista Spider, 812 Superfast and 550 Maranello—achieved model auction records. The results suggest sustained collector demand and support Ferrari’s pricing power and exclusivity. Broad Arrow Auctions Reports $97.4 Million in Sales at Inaugural The Quail Auction
• Positive Sentiment: Jefferies reiterated its Buy rating. The broker maintained a €400 price target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results as evidence of continued strength in the luxury auto market. Ferrari gets Jefferies backing as classic car auction prices surge
• Positive Sentiment: Ferrari’s first EV generated exceptional attention. A bespoke version of the Luce, Ferrari’s first fully electric vehicle, sold for $40 million at an RM Sotheby’s charity auction—the highest reported price for a new car at auction. Proceeds will support education initiatives through the Ferrari Foundation. The sale may help validate Ferrari’s EV desirability and preserve its premium image, though it was a one-off charity transaction. Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
• Neutral Sentiment: Performance-car coverage remains favorable but has limited financial impact. Media comparisons featuring the Ferrari 296 GTB and SF90 highlight the company’s performance credentials, but drag-race and enthusiast content is unlikely to directly affect near-term revenue or earnings.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RACE shares. Evercore reaffirmed an “outperform” rating and set a $485.00 target price on shares of Ferrari in a research report on Friday, July 31st. Citigroup reissued a “neutral” rating on shares of Ferrari in a research report on Monday, August 3rd. UBS Group decreased their price objective on Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $442.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and an average target price of $477.15.

Ferrari Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.